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First National Bank, Cortez

Cortez, CO · Cert 17872

National charter · OCC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets (n=581 to 629). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

50

Q2 2024Q2 2026peer median (50)

Asset Quality

9

Q2 2024Q2 2026peer median (50)

Profitability

36

Q2 2024Q2 2026peer median (50)

Liquidity

81

Q2 2024Q2 2026peer median

Efficiency

67

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First National Bank, Cortez

Cortez, CO · Cert 17872

National charter · OCC · 1 branch

Q2 2026

$156.9MAssets
$102.3MLoans
$137.2MDeposits
$14.4MEquity
Loan mix
89%RE $79.9M7%C&I $6.7M3%Consumer $3.1MQ2 2025Q2 2026
Deposit mix
78%Interest-bearing $107.0M22%Noninterest $30.3MQ2 2025Q2 2026

NIM

5.00%Q2 ’245.26%Q2 ’255.25%Q2 ’26+4%-2%

Non-interest income vs. expense

2.51%Q2 ’242.43%Q2 ’252.46%Q2 ’26-4%-2%

Executive Summary

  • Earnings: ROA of 0.60%, down 54 bps year over year; NIM at 3.55%.
  • Asset quality: problem loans at 1.92% of loans (+134 bps YoY), with net charge-offs at 1.07%.
  • Capital: tier 1 leverage ratio of 9.98%, down 21 bps from a year ago.
  • Funding: loans stand at 74.54% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.60%-54 bps YoY

Net Interest Margin (YTD, annualized)

3.55%-6 bps YoY

Efficiency Ratio (YTD, annualized)

61.96%+68 bps YoY

Tier 1 Leverage Ratio

9.98%-21 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.15%1.20%1.18%0.06%0.60%-54 bps
Return on Equity12.58%13.01%12.63%0.69%6.49%-609 bps
Net Interest Margin3.61%3.57%3.64%3.54%3.55%-6 bps
Efficiency Ratio61.27%60.08%60.31%64.83%61.96%+68 bps
Non-Interest Burden2.07%2.00%2.05%2.13%2.04%-4 bps
Growth
Asset Growth (YoY)8.23%5.58%7.83%9.15%2.88%-535 bps
Loan Growth (YoY)11.47%8.62%7.75%8.34%6.84%-463 bps
Deposit Growth (YoY)16.37%11.66%10.14%11.04%3.85%-1,251 bps
Asset Quality
Nonperforming Loans / Loans0.58%0.57%0.55%1.97%1.92%+134 bps
Net Charge-Offs / Loans0.01%0.02%0.02%2.20%1.07%+106 bps
Allowance / Loans1.24%1.27%1.29%1.23%1.27%+3 bps
Allowance Coverage of NPLs2.2x2.2x2.4x0.6x0.7x-1.5x
Capital
Tier 1 Leverage Ratio10.19%10.12%10.55%9.89%9.98%-21 bps
Total Risk-Based Capital16.20%17.00%17.05%16.04%16.25%+5 bps
Equity / Assets8.98%9.37%9.79%8.97%9.20%+22 bps
Liquidity & Funding
Loans / Deposits72.46%72.16%74.08%72.80%74.54%+208 bps
Liquid Assets / Assets9.18%9.28%9.77%9.86%9.77%+59 bps
CRE / Total Capitaln/a279%275%278%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

First National Bank, Cortez

Cortez, CO · Cert 17872 · Peer group: banks under $1B in assets (n=581-629)

National charter · OCC · 1 branch

Q2 2026

$156.9MAssets
$102.3MLoans
$137.2MDeposits
$14.4MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 67% of banks under $1B in assets (rank 208 of 629).
  • Widest gap: net charge-offs / loans trails 97% of banks under $1B in assets (rank 565 of 581).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

0.60%

Rank 474 of 629

Net Interest Margin

3.55%

Rank 304 of 629

Efficiency Ratio

61.96%

Rank 208 of 629

Equity / Assets

9.20%

Rank 458 of 629

Non-interest income vs. expense

$0.7M$3.9MINCOMEEXPENSE
Unfavorable gap of $3.2M · efficiency ratio beats 67% of banks under $1B in assets
Bank 61.96%Peer median 67.8%Q4 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.60%0.60%1.01%1.45%Beats 25%474 / 629
Return on Equity6.50%5.38%9.30%13.28%Beats 30%441 / 629
Net Interest Margin3.55%3.03%3.54%4.05%Beats 52%304 / 629
Efficiency Ratio61.96%58.35%67.79%79.08%Beats 67%208 / 629
Asset Quality
Nonperforming Loans / Loans1.92%0.09%0.46%1.20%Beats 14%499 / 581
Net Charge-Offs / Loans0.54%n/a0.01%0.06%Beats 3%565 / 581
Capital
Tier 1 Capital Ratio15.00%11.24%13.84%18.77%Beats 60%254 / 629
Total Risk-Based Capital Ratio16.25%11.58%14.43%19.66%Beats 63%235 / 629
Equity / Assets9.20%9.09%10.65%13.80%Beats 27%458 / 629
Liquidity & Funding
Loans / Deposits74.54%67.24%80.90%93.48%38th pctl368 / 594
Loans / Assets65.20%53.31%67.71%78.15%44th pctl350 / 629
Brokered Deposits / Depositsn/aNot reported for this institution